Foreclosure Homes in Oak Park, MI 48237

Buyer vs Seller Market in Oak Park, MI

Median home value: $238,506 as of 2026-05-14.

Median rent: $1,300 as of 2026-05-14.

Home values: +2.75% MoM, +1.48% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Rent Prices In Oak Park, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Park, MI, is on a rollercoaster ride. The average rent price in Oak Park, MI, is $1,306.00. Indeed, when looking to rent in Oak Park, MI, you can expect to pay as little as $680.00 or as much as $3,440.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Oak Park, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.